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In current weeks, the world of non-fungible tokens has skilled a meteoric rise, characterised by a surge in recognition, high-profile gross sales, and a thriving neighborhood of artists, creators, and collectors. In December, the non-fungible token market noticed explosive progress, attracted by the rise of Ordinals, SOL NFTs and BRC-20 NFTs.
NFT Gross sales Hit In December 2023
Knowledge compiled by CryptoSlam.io, an on-chain knowledge aggregator, signifies that non-fungible token gross sales skyrocketed in December. Prior to now 30 days, the burgeoning world NFT market has amassed a buying and selling gross sales quantity of $1.7 billion, representing a 67% spike from November.
Bitcoin, the blockchain community that helps the flagship crypto ‘Bitcoin,’ was essentially the most traded community for non-fungible tokens in December. Prior to now 30 days, the Bitcoin-based NFT assortment has amassed a buying and selling gross sales quantity of $862 million. Throughout this time, Bitcoin-based NFT gross sales surged 125% from the earlier month.
Non-fungible tokens hosted on Ethereum, the most important and most most well-liked blockchain community for NFTs, had been the second most traded NFT collections in December. Prior to now 30 days, Ethereum-based NFTs have recorded a buying and selling gross sales quantity of $360 million. Nevertheless, the Ethereum NFT gross sales declined 12% in December from the earlier month.
Digital collectibles hosted on Solana had been the third most traded NFT assortment in December 2023. Prior to now 30 days, the Solana-based NFT assortment has amassed a buying and selling gross sales quantity of $322 million, representing a 280% spike from the earlier month. Solana blockchain community emerged as the primary competitor for Ethereum in December.
Supply: CryptoSlam.io, NFT gross sales quantity by blockchain prior to now 30 days
Non-fungible token collections hosted on Polygon, an Ethereum scaling community, had been the fourth most traded NFT assortment in December 2023. Prior to now 30 days, Polygon-based NFTs have amassed a buying and selling gross sales quantity of $48 million, representing a 7.03% spike from the previous month.
The Arbitrum blockchain community has just lately risen in rankings. In December, Arbitrum-based NFTs had been essentially the most traded NFT assortment. Prior to now 30 days, Arbitrum-based NFTs have amassed a buying and selling gross sales quantity of $28 million, representing a 180% spike from the previous month.
Ethereum blockchain community took the lead in NFT washing in December, amassing a buying and selling gross sales quantity of $366 million. By description, wash buying and selling is a type of market manipulation through which collectors concurrently promote and purchase the identical NFTs, making a misunderstanding of market exercise.
Ten Most Promoting NFTs In December 2023
Supply: CryptoSlam.io, high promoting NFTs prior to now 30 days
1. $SAT BRC-20 NFT Assortment
$SAT, a non-fungible token assortment created on the Bitcoin blockchain community utilizing the BRC-20 protocol, has been the top-selling NFT assortment in December. Prior to now 30 days, the $SAT BRC-20 NFT assortment has recorded a buying and selling gross sales quantity of $81 million. The NFT assortment fell 11.94% in sale quantity in December.
2. Bitcoin Ordinal ‘Uncategorized’ NFTs
Bitcoin Ordinals, the equal of non-fungible tokens created on the Bitcoin blockchain utilizing satoshis, the smallest denomination on the chain, has been the second most-selling in December. Prior to now 30 days, Bitcoin Ordinals NFT collections have attracted a buying and selling gross sales quantity of $81 million. Bitcoin Ordinal gross sales rose 294% in December from the previous month.
3. $RAT BRC-20 NFT Assortment
$RAT, an animal-inspired non-fungible token assortment created on the Bitcoin blockchain community utilizing the BRC-20 protocol, has been the third most promoting in December. Prior to now 30 days, the $RAT BRC-20 NFT assortment has recorded a buying and selling gross sales quantity of $56 million. $RAT BRC-20 NFT gross sales rose 25.63% in December from the previous month.
4. $MICE BRC-20 NFT Assortment
$MICE, one other animal-inspired non-fungible token assortment created on the Bitcoin blockchain community, has been the fourth most-selling NFT assortment in December. Prior to now 30 days, the $MICE BRC-20 NFT assortment has amassed a buying and selling gross sales quantity of $43 million. $MICE BRC-20 NFT gross sales elevated 8,987% in December from the previous month.
5. Tensorians NFT Assortment
Tensorians, an NFT assortment solely created on the Solana blockchain community, has been the fifth most-selling NFT assortment in December. Prior to now 30 days, Tensorians NFT assortment has amassed a buying and selling gross sales quantity of $27 million. Tensorians NFT gross sales quantity elevated 323% in December.
Supply: CryptoSlam.io, high promoting NFTs prior to now 30 days
6. Bitcoin Frog NFT Assortment
Bitcoin Frogs, an NFT assortment hosted on the Bitcoin blockchain community utilizing Sotoshi Nakamoto’s ordinal protocol, was the sixth most-selling NFT assortment this December. Prior to now 30 days, the Bitcoin Frogs NFT assortment has amassed a buying and selling gross sales quantity of $26 million. Bitcoin Frogs NFT gross sales jumped 143% in December.
7. $SQTS BRC-20 NFT Assortment
$SQTS, one other non-fungible token assortment created on the Bitcoin blockchain community utilizing the BRC-20 protocol, was December’s seventh most-selling NFT assortment. Prior to now 30 days, the $SQTS BRC-20 NFT assortment has amassed a buying and selling gross sales quantity of $26 million.
8. Mad Lads NFT Assortment
Mad Lads, an NFT assortment by the digital asset agency Coral that includes a restricted version of 10,000 NFTs hosted on the Solana blockchain community, has been the eighth most-selling NFT assortment in December. Prior to now 30 days, the Mad Lads NFT assortment has recorded a buying and selling gross sales quantity of $24 million. Mad Lads NFT gross sales jumped 27.54% in December.
9. Sentry Node License NFT Assortment
Sentry Node License, a non-fungible token assortment hosted on the Arbitrum blockchain community, has been the ninth most-selling NFT assortment in December. Prior to now 30 days, the Sentry Node License NFT assortment has amassed a buying and selling gross sales quantity of $22 million.
10. Gods Unchained NFT Assortment
Gods Unchained, an NFT assortment from the digital buying and selling card Gods Unchained hosted on Immutable X, was the tenth most-selling NFT assortment in December. Prior to now 30 days, the Gods Unchained NFT assortment has recorded a buying and selling gross sales quantity of $21 million, closing our ten top-selling NFT collections in December 2023.
Most Costly NFTs Bought In December 2023
Van Gogh’s portray #216 was the most costly NFT assortment bought in December, promoting for $1,199,108 thirty days in the past. FrxETHRedemption #33 was the second costliest NFT assortment bought in December, promoting for $638,433 seven days in the past. Deep Imaginative and prescient #05128 NFT was the third costliest NFT assortment bought in December, promoting $551,770 twelve days in the past.
Supply: CryptoSlam.io, costliest NFTs bought prior to now 30 days
The NFT Market Prediction For January 2024
The non-fungible token area is anticipated to develop additional subsequent yr. In an unique interview with Cointelegraph, Jason Lau, chief innovation officer at crypto alternate OKX, stated that he believes the current development of inserting NFTs on the Bitcoin community will proceed in 2024 as educators turn out to be extra “educated and discerning.” Bitcoin-based NFTs have been taking the NFT area by storm in 2023.
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